Latest Trends and Insights in Real Estate Technology

Curated daily by our industry experts. Stay informed on how tech is shaping the real estate industry with these important headlines.

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  • Inslee joins other Pacific Coast leaders in Glasgow to launch Low Carbon Construction Task Force

    Washington Governor

    Gov. Jay Inslee is in Glasgow, Scotland to participate in the 26th annual Conference of Parties, a U.N. climate summit that brings leaders together from across the globe to commit and take action to significantly reduce greenhouse gas emissions to curb the worsening impacts of climate change. Today, the governor joined other leaders from the Pacific Coast Collaborative for the launch of the Low Carbon Construction Task Force. “Washington and the PCC region are leaders in demonstrating how …

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  • Your new apartment is someone’s old office

    Axios

    Abandoned office buildings all over the U.S. are being converted into apartments, Erica Pandey writes. By the numbers: In 2020 and 2021, a whopping 13,250 apartments across the country have come from repurposed offices, per a new report from RentCafe….

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  • Motional and Lyft to Launch Fully Driverless Ride-Hail Service in Las Vegas in 2023 – Will Mark First City in Multimarket Deployment

    Motional

    Motional, a global leader in driverless technology, and Lyft, Inc.(Nasdaq: LYFT) today announced the planned launch of a fully driverless public ride-hail service in Las Vegas, the first city in a multimarket deployment. Motional’s next-generation robotaxis, the all-electric Hyundai IONIQ 5-based robotaxi, will be available on the Lyft app in Las Vegas, starting in 2023. The deployment is part of a landmark partnership between Motional and Lyft announced last year….

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  • VergeSense Raises $60M in Series C Funding to Raise the Power of the Square Foot

    Verge Sense

    Today, we are thrilled to announce that VergeSense has secured $60 million in Series C Funding led by Scale Venture Partners. In our commitment to provide data-driven insights to enterprises eager to raise the power of their square foot, this investment will help the company accelerate platform innovation and growth. We attribute this rapid growth to our innovative customers, who are leading the way to provide their employees with impactful workplaces that cultivate collaboration, innovation and…

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  • Altus Strengthens CRE Data and Analytics Capabilities Through Acquisition of Reonomy

    Globe Newswire

    Altus Group Limited (TSX: AIF) (the “Company” or “Altus”), a leading provider of software, data solutions and independent advisory services to the global commercial real estate (“CRE”) industry, announced today that it has signed a definitive agreement to acquire Scryer, Inc. (dba Reonomy) (“Reonomy”), a fast growing, AI-powered data platform for the CRE industry, for US$201.5 million (approximately C$249.5 million), (on a cash-free/debt-free basis) subject to adjustments. The transaction is exp…

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  • E-Commerce and the Pandemic Have Driven Record Demand for Industrial Real Estate. Technology is Playing a Critical Role in Optimizing this Sector.

    Proptech Future

    Most of the articles that I have published so far have been focused on Office, Multi-Family, and Single Family Residential Real Estate.  However, the real estate sector which is currently experiencing the biggest growth is Industrial.  Prior to my research for this article, I honestly didn’t fully appreciate the critical role that technology plays in the future of Industrial Real Estate.

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  • Building and Renting Single-Family Homes Is Top-Performing Investment

    Wall Street Journal

    Single-family homes built to rent are emerging as the hottest corner of the U.S. property market, as investors respond to booming demand from home-seekers priced out of housing for sale. Rents on homes are rising faster than ever. New household formation is also increasing the demand for rentals, as more young people get their own places.

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  • Vacation Rental Firms Vacasa, Sonder to Test Market With Public Offerings

    Wall Street Journal

    A group of short-term rental companies are poised to go public, testing investor appetite for companies marketing themselves as alternatives to hotels, individual host listings and even traditional office space. Professional managers of vacation homes and apartments have benefited from surging demand over the past year, as more Americans take advantage of remote work to book stays in small towns and resort destinations….

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  • Zillow’s Home-Flipping Demise Puts Other iBuyers on the Spot

    Wall Street Journal

    Investors are stepping up their scrutiny of Opendoor Technologies Inc. and Offerpad Solutions Inc., the two biggest players left in the iBuying industry after Zillow Group Inc. pulled the plug on this business. IBuyers purchase homes from consumers who are looking to sell quickly and conveniently, using algorithms to help determine what price to pay. After renovations, they place the homes back on the market….

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  • Startup GetCovered aiming to be “Shopify of insurance” for carriers, agencies

    The Real Deal

    Insurance technology companies like Lemonade have made inroads on the traditional real estate insurance market over the last five years by providing simple, low-cost access. Now, a fledgling proptech startup is helping legacy carriers and agencies compete.

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